Write 7 pages thesis on the topic hotel and hospitality industry: the angelus hotel.
Yield Management: Also known as ‘Revenue Management’ or ‘Real-time pricing’ is a scientific technique which involves managing the economics by calculating the best pricing and profits optimizing strategies. This technique was popularized by the US airlines industry in particular in the early 1980s when they started comparing the supply and demand scenarios and accordingly offered differential pricing. This all started with the introduction of low-cost airlines like ‘People’s Express and the liberalization programs.
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